GNE vs. ^SP600
Compare and contrast key facts about Genie Energy Ltd. (GNE) and S&P 600 (^SP600).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GNE or ^SP600.
Correlation
The correlation between GNE and ^SP600 is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GNE vs. ^SP600 - Performance Comparison
Key characteristics
GNE:
-0.76
^SP600:
0.81
GNE:
-0.92
^SP600:
1.27
GNE:
0.89
^SP600:
1.15
GNE:
-0.47
^SP600:
1.03
GNE:
-1.22
^SP600:
3.94
GNE:
20.47%
^SP600:
4.01%
GNE:
32.73%
^SP600:
19.57%
GNE:
-75.12%
^SP600:
-59.17%
GNE:
-50.83%
^SP600:
-6.65%
Returns By Period
In the year-to-date period, GNE achieves a -5.20% return, which is significantly lower than ^SP600's 2.40% return. Over the past 10 years, GNE has outperformed ^SP600 with an annualized return of 12.68%, while ^SP600 has yielded a comparatively lower 7.96% annualized return.
GNE
-5.20%
1.65%
-10.67%
-22.78%
17.24%
12.68%
^SP600
2.40%
2.38%
4.46%
13.51%
6.79%
7.96%
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Risk-Adjusted Performance
GNE vs. ^SP600 — Risk-Adjusted Performance Rank
GNE
^SP600
GNE vs. ^SP600 - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Genie Energy Ltd. (GNE) and S&P 600 (^SP600). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns
GNE vs. ^SP600 - Drawdown Comparison
The maximum GNE drawdown since its inception was -75.12%, which is greater than ^SP600's maximum drawdown of -59.17%. Use the drawdown chart below to compare losses from any high point for GNE and ^SP600. For additional features, visit the drawdowns tool.
Volatility
GNE vs. ^SP600 - Volatility Comparison
Genie Energy Ltd. (GNE) has a higher volatility of 8.49% compared to S&P 600 (^SP600) at 5.93%. This indicates that GNE's price experiences larger fluctuations and is considered to be riskier than ^SP600 based on this measure. The chart below showcases a comparison of their rolling one-month volatility.